The housing market in Lancaster, MA is quite robust and healthy. As the median house value is $469,100, it surpasses the US median house value of $338,100. While national appreciation of houses was 8.27%, Lancaster had an even higher appreciation rate of 7.66%. This means that the values of homes in this area are increasing faster than other parts of the country. It also indicates that there is a strong demand for housing in this area, which makes it a great investment opportunity for people looking to purchase a property here. With such strong growth in the housing market, Lancaster offers an attractive option for potential buyers who are seeking a great place to live with solid financial returns.
The median home cost in Lancaster is $469,100. Home appreciation the last 10 years has been 81.1%. Home Appreciation in Lancaster is up 14.0%.
Average Age of Homes
- The median age of Lancaster real estate is 54 years old
The Rental Market in Lancaster
- Renters make up 15.6% of the Lancaster population
- 0.0% of houses and apartments in Lancaster, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.